The supply of goods/services was made under the earlier law but a part of the consideration (say the retention money) is received in GST regime, will tax be payable in GST

The supply of goods/services was made under the earlier law but a part of the consideration (say the retention money) is received in GST regime, will tax be payable in GST https://www.taxtmi.com/acts?id=22523 Where consideration for supplies made under the prior law is received during the GST regime, GST is not payable on that consideration provided full duty or tax on the supply has already been paid under the earlier law; this follows the transitional provision reflected in the FAQ (section 161). en-us Thu, 22 Sep 2016 18:17:33 +0530 Thu, 22 Sep 2016 18:17:33 +0530 TaxTMI RSS Generator The supply of goods/services was made under the earlier law but a part of the consideration (say the retention money) is received in GST regime, will tax be payable in GST https://www.taxtmi.com/acts?id=22523 Where consideration for supplies made under the prior law is received during the GST regime, GST is not payable on that consideration provided full duty or tax on the supply has already been paid under the earlier law; this follows the transitional provision reflected in the FAQ (section 161). Act-Rules Bills Thu, 22 Sep 2016 18:17:33 +0530 https://www.taxtmi.com/acts?id=22523